FCS Fairchild Semiconductor International, Inc. (MM)

Fairchild Semiconductor (NYSE: FCS) today announced that Matthew W. Towse has resigned his position as senior vice president and chief financial officer, effective immediately. Mr. Towse will remain with the company in an advisory role until December 31, 2005 to help ensure a smooth transition. "Matt has been with the company in a number of financial roles for over 14 years, and the company recognizes Matt's dedication, commitment, and contributions to the company during this time. We wish Matt and his family all the best," said Dr. Mark Thompson, president and chief executive officer. Robin A. Sawyer, vice president and corporate controller, and Stephen M. Cumming, vice president of business finance, will assume the duties of the CFO's office, with Robin serving as interim principal financial officer until a search for a new CFO is completed. About Fairchild Semiconductor: Fairchild Semiconductor (NYSE: FCS) is the leading global supplier of high performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. As The Power Franchise(R), Fairchild offers the industry's broadest portfolio of components that optimize system power through minimization, conversion, management and distribution functions. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products from its headquarters in South Portland, Maine, USA and numerous locations around the world. Please contact us on the web at www.fairchildsemi.com.